PARASRAM's daily newsletter April 21, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17458.76 5230.30
High 17565.55 5266.30
Low 17446.51 5230.30
Today's Cls 17472.56 5244.90
Prev Cls 17460.58 5230.10
% Change +0.07% +0.28%
Index Performance
Index

Dow

 Nasdaq
Open 11093.11 2492.72
High 11190.20 2501.15
Low 11045.80 2480.70
Today's Cls 11117.06 2500.30
Prev Cls 11092.05 2500.31
% Change +0.23% +0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
HCL TECH 374.95 8.57
AXIS BANK 1239.90 4.46
SIEMENS 721.00 2.85
RPOWER 159.05 2.45
CIPLA 336.20 2.17

Losers

SUNPHARMA 1741.15 -3.27
BHEL 2456.00 -1.66
STER 801.00 -1.35
HINDALCO 179.55 -1.18
ABB 850.00 -1.14
 MARKET ROUND UP (From the Research Desk)

 

Today on 21st April Market closed almost flat. Nifty was up 15 points and Sensex gained just 12 points.  However Advance/decline ratio is favoring bulls for the last two days. At NSE 416 stocks declined in comparison to 922 advancing stocks whereas in BSE 1066 stocks declined and 1923 gained. Nifty Future added around 22 lakhs shares in open interest.

 
NIFTY VIEW FOR 22-04-2010

 

NIFTY is looking tired at higher rates and may lose further ground if it breaks the intraday support level of 5230. Technically nifty will remain weak till it is able to close above 5295. Nifty support levels for intraday are 5230-5208-5194- 5160 and Resistance levels are 5266- 5280-5295- 5319.

 

 

BANKNIFTY FUTURE: - Bank Nifty has closed above 9510 and now next hurdle is at 9595. Now 9475 should act as support for all long position. Intraday support exists at 9475-9432-9387 and resistance at 9567-9599- 9657.

 

 
TECHNICAL VIEW ON STOCKS
 

 

 

DATE

POSITIONAL STOCK

STATUS

17/3/2010

Divis Lab

Target achieved

17/3/2010

Ntpc

Target achieved

17/3/2010

Jindal Saw

First Target achieved

17/3/2010

Cipla

Target achieved

22/3/2010

Godrej

Target achieved

22/3/2010

Punjllyod

Target achieved

25/3/2010

Rpower

First Target achieved

26/3/2010

Sbin

Target achieved

26/3/2010

Areva T&D

Pending

29/3/2010

Tv 18

Target achieved

30/3/2010

Hotel leela

Pending

1/4/2010

Relinfra

Target achieved

1/4/2010

Pfc

Target achieved

5/4/2010

Idbi

Target achieved

8/4/2010

Wipro

Sl Triggered

12/4/2010

Petronet

Pending

13/4/2010

India Cement

Pending

15/4/2010

Triveni

Sl Triggered

16/4/2010

Godrej Ind

First Target achieved

19/4/2010

L&T

First Target achieved

 

 

Disclaimer: The information provided in the document is from publicly available data and other sources, which we believe are reliable. It also includes analysis and views expressed by our research team. The report is purely for information purposes and does not construe to be investment recommendation/advice. Investors should not solely rely on the information contained in this document and must make investment decisions based on their own investment objectives, risk profile and financial position. Efforts are made to try and ensure accuracy of data however, Shri Parasram Holdings Pvt. Ltd. and/or any of its affiliates and/or employees shall not be liable for loss or damage that may arise from any error in this document. This document is not for public distribution and should not be reproduced or redistributed without prior permission.

To unsubscribe write to research@sphpl.com.